Glaston's Board of Directors decides on incentive programme for executives
GLASTON CORPORATION Stock Exchange Release 9.6. 2010 at 12.45
Glaston's Board of Directors decides on incentive programme for executives The Board of Directors of Glaston Corporation has decided on a new performance share plan to form a part of the long-term incentive and commitment program for the top management of the company and its subsidiaries. The performance share plan will offer the participants with a possibility to earn the company's shares as remuneration for achieving established earning criteria. The plan has one earning period covering the years 2010 and 2011, and the earnings criteria is the development of the Group's operating profit. A possible award shall be paid after the release of the 2011 financial result in the spring 2012. There may be an aggregate gross maximum of approximately 2.5 million Glaston shares granted under the plan. Taxes and other statutory costs arising from the award will be deducted from the gross number of shares before share delivery. The performance share plan is directed to a maximum of 11 persons. For further information, please contact: Manne Tiensuu, SVP Human Resources, Phone +358 10 500 6016 Sender: Glaston Corporation Agneta Selroos IR and Corporate Communications Manager Tel. +358 10 500 6105 Glaston Corporation Glaston Corporation is an international glass technology company. Glaston is the global market leader in glass processing machines, and a comprehensive One-Stop-Partner supplier to its customers. Its product range and service network are the widest in the industry. Glaston's well-known brands are Bavelloni in pre-processing machines and tools, Tamglass and Uniglass in safety glass machines, and Albat+Wirsam in glass industry software. Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Mid Cap List. Distribution: OMX, media, www.glaston.net